- Siemens Gamesa Renewable Energy yesterday announced the final acquisition of all shares in Ria Blades, S.A., the business entity which owns and operates the onshore wind turbine blade production plant in Vagos, Portugal, as well as other additional assets required to operate the facility.
- The completion of this acquisition means that the company has fully completed the acquisition of select assets from Senvion.
The manufacturing plant in Portugal offers best-in-class operational features and is well connected by both road and sea. The acquisition will help to strengthen Siemens Gamesa’s competitiveness in its onshore business by absorbing expected growth in production from external suppliers, mainly from Asia, and will become an export hub for international markets. It will further enhance existing manufacturing capabilities and limit the exposure to supply chain bottlenecks, volatility from foreign exchange markets and trade tariffs.
“The acquisition of Senvion’s Ria Blades factory was an opportunity we could not afford to miss. It is one of Europe’s most competitive plants, a cutting-edge facility that is very complementary to our existing footprint. The new plant will help us to serve different markets with different models and we will do this meeting the highest standards in quality of manufacturing,” said Alfonso Faubel, CEO of the Onshore business unit at Siemens Gamesa.
Author: Bryan Groenendaal
